Starting October 1, 2026, new rules take effect in the digital financial assets (DFA) market. Issuers will be required to provide investors with an expanded set of data on the terms of issuance.
The main goal of the changes — to give market participants the tools for an objective assessment of the reliability of instruments before they are acquired. This was reported by the Central Bank.
Universal requirements for data disclosure
Now the documentation of each issue must indicate the financial indicators of the issuing company based on its accounting statements. An alternative option is to place a direct link to a resource where this information is published in open access.
If the issuer has been assigned a credit rating, the investor will necessarily be informed of the website of the rating agency that carried out the assessment.
Heightened standards for credit DFAs
Special attention is paid to instruments whose income is tied to payments on bank loans. By acquiring such DFAs, the investor takes on the default risks that previously rested with the creditor. So that these risks are obvious, the issuing bank is obliged to describe the loan agreement in detail and disclose information about the borrower.
In a situation where the basis is a set of loans, it is necessary to present its qualitative characteristics, list all significant borrowers and indicate the share of overdue debt, if any.
Possessing such information allows the investor to take a balanced approach to purchasing such credit products.
The regulator reminds that, owing to the special nature of the instrument, it may be purchased only by qualified market participants.
Source: BeInCrypto
